Tax breaks, super changes to kick in on 1 July as Chalmers flags more to come in budget

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https://www.sbs.com.au/news/article/tax-breaks-to-kick-in-as-chalmers-flags-more-changes-in-upcoming-budget/df0dwa9jm

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Well, what will everyone with > $3M or > $10M in super gonna do.

DO YOU THINK THAT MAYBE, JUST MAYBE, THEY’LL START SUCKING THAT MONEY OUT OF SUPER AND DUMPING IT INTO PROPERTY, JACKING UP PROPERTY PRICES AGAIN?

YOU NOTHERMUCKINGFUMPTIES

Ditto with CGT and negative gearing changes.

Everyone will head to the safe haven of “Principal Place of residence”.

This is gonna be an absolute shitshow.

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With all these little announcables its starting to look like the typical budget, in that by the time budget day comes round there won’t really be any major announcements left. Leading ro budget day being a bit of a flat affair. Not sure its ‘bad’ politics per se, but it is boring politics. Boring can be good.

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